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our competitive edge. some say it's because america's fragile economy is a distraction for corporate america. others point to our inferior infrastructure and sub-par public education. but adam segal, author of "advantage," says the big problem is others are gaining ground. >> we have been kind of running in place for the last three or four years because of the recession, spending on r&d, and big ideas seem to be fairly scarce while china just continues to funnel more and more money into it. >> reporter: still many argue the u.s. will always be extremely competitive because we are the most innovative country in the world. what better place to witness innovation at work than at i.b.m. in westchester county, new york. this is the home of watson, big blue's super computer. watson was clever enough to beat "jeopardy" champions at their own game just a few years ago. now, i.b.m. researchers are working on new uses for the brainiac computer, particularly in the field of medicine. bernie meyerson calls himself i.b.m.'s head geek. he says innovation is critical for companies and societies to
a few green sheets of the economy and if that begins to surge, david axelrod tells me later in the show, has a real chance. >> he has a huge agenda, a lot of opportunities and going to have to find a way to work with republicans not only in the senate but the house of representatives. let's see if he can do it. it's a huge, huge challenge and the responsibility is enormous, the opportunity is great. >> well, we have to see and itching to get to the party, wolf. >> love those people back there. did you hear the marching band? >> you know why i think they're so excited? your performance in skyfall. >> you were in "flight." >> that's why i wanted to mention it. >> i was in the james bond film. and you were in -- >> really great. really great for me. >> if you work really hard and play by the rules, some day maybe daniel craig and -- >> was it daniel craig or denzel washington oscar nominated? >> i don't know. >> it was denzel. do you know who helped him? me. >> let me point out. $1 billion in box office receipts worldwide. $1 billion. >> british, british. skyfall. wolf, go partying. >> tha
so we can keep interest rates low so we can make sure we don't hurt our economy. >> i want to command -- commend you on the effort of people to just put out a budget. with all due respect on my friends on the other side, last year they were in majority, they chose not to do that. they chose thinking it would provide political cover. it didn't. i think that's what's gone "encore booknotes" the senate side. calculation that somehow this will spare some of our members from difficult votes. i commend you for developing a difficult budget and getting your colleagues to vote on it and it was a legitimate issue in the campaign. i think it's an appropriate place to have the discussion. you come, you vote, we go have a campaign. that helps the country clarify the issues. we move on. the house has fulfilled its responsibility in that regard in through the fire in the election. i think that's fair. the senate just simply has not. and it is discouraging. you know, it just takes 51 votes. that's all it takes over there. i actually heard commentators tell us, oh, no, it takes 60. it takes no such t
understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ obama's on fire ♪ obama's on fire ♪ he's walking on fire >> alicia keys' amazing performance. the president and first lady are back at the white house. they've just gotten home after a big night and an historic day. we talked at the top about how president obama made history by acknowledging the struggle for equal rights for gay and lesbian americans and made it part of america's civil rights tradition. here's more of what the history books will record. >> our journey is not complete until our gay brothers and sisters are treated like anyone else under the law. for if we are truly created equal, surely the love we commit to one another must be equal as well. >> today's inaugural poem came from richard blanco, a cuban american who says negotiating his identity a
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economy and is going to create jobs and increase the standard of living for hard- working, middle-class americans. you know, we talk so much about mortgaging the future, mortgaging our children's future and i care deeply about that. but frankly, we are mortgaging now the future is now. and we all -- all of us here, we want to fight. we want to fight for that nurse, that carpenter, that teacher, that grand parent, that parent, that student, we want to fight for everyone across this country. and the 113th congress has been sent here i think to be do big things, the hard things, and this is the first step in that process. no budget, no pay. >> questions? >> speaker boehner, yesterday in the president's inaugural address he suggested that immigration and climate change will be top priorities for him. what do you think of his call for action on climate change, and is immigration a high priority? >> there are a lot of priorities for the congress. a lot of priorities for the president. and right now, the biggest issue is the debt that's crushing the future of our kids and grandkids. hard
mission is to leave office like a ronald reagan, being the president who turned around an economy, restored the confidence of a nation in its place in the world. no. he turned inward. and he said my mission here is to pick up the legacy of martin luther king and expand it as i think you've noted. that's not something he needs to work with republicans in congress for. it is something he doesn't need money for, by the way. it is, you're right, a moral agenda. but it is a very left of center argument that he made today about government. and republicans are going to go after him on that. this was a warrior president today. he fought the fight. >> there was a more aggressive tone, you might say. let's play another moment from the speech. >> together we determine that a modern economy requires railroads and highways to speed travel and commerce. schools and colleges to train our workers. together we discovered that a free market only thrives when our rules to ensure competition and fair play. together we resolve that a great nation must care for the vulnerable and protect its people fro
and taxes even more, whether it is cap and trade, regulating our economy and raising the costs for every american, they are feeling emboldened right now. and if conservatives stand together, we can stop that, and stopping bad things that would harm this country, that would harm americans, is a major victory for the next two years. [applause] but the third thing we can do in the short term is we can use leverage points to plaque real progress on the fiscal and economic crisis threatening this country. the fundamental dynamic when you have divided government is that whichever side owns the default is in the stronger position. either party can stop anything. so whoever wins if nothing gets done, wins the negotiation, wins the battle. it's why on fiscal cliff we got such a lousy deal. because if nothing happened, the result was a massive tax increase on er american who pays taxes, and i think president obama was perfectly fine, he was serene to go off that cliff. why? because his substantive agenda, which he doesn't hide from, is to dramatically expand the size and power of government, and t
, in immigration reform and, above all, in what we have to do to invest to grow our economy and grow opportunity. >> pelley: you know, i don't think gun safety would have been at the top of the president's agenda two months ago but after newtown, of course, it has become -- >> it's impossible to turn away from it now. it's impossible. >> pelley: which leads to the question: what do you expect to see from the president in terms of resolve on this as we get farther from the tragedy itself? >> well, i think you saw in the president's announcement, i think it was last week after the vice president's series of recommendations, what the contours of his proposal will be in terms of an assault weapons ban, a limitation on access to military style clips with multiple rounds in them. i think he's shown consistently a willingness to reach out to gun owners, sports men and women and hunters to make sure their interests are respected, consistent not just with the second amendment but consistent with their reasonable interests. but i think the idea of insisting that we do what we can as a federal and as state
the count kraoe which has not occurred. we are more divided than before. and get the economy on a surround recovery to get out of a recession that we've had. the pieces of business hangover the president. he has proven that you can get reelected in a weak economy, which a lot of people, myself included thought would be more tkeufpbt it turned out t difficult it turned out to be. it was a narrow election. he has that ahead of him. not to mention the things that haunt a second term which none of us can imagine today. >> you can see former president clinton and secretary of state clinton. who is going to be testifying before congress in a less friendly atmosphere later this week. i was reading obama's first inaugural address today, because i thought, you know, let's get a sense of what it is that he said four years ago. i want to read you two lines. on this day we come to proclaim an end to the petty grievances and falls promises the recriminations and warn out doug mas that for far too long have strangled our politics. that is an incomplete at best. not all the president's fault but also cou
for the markets and the economy? >> i hope so. if what the republicans are talking about is let's have this debt ceiling skirmish every quarter, every three months, nobody is going to like that, especially the markets, and for very good reason. if what they're say something we're not going to play debt ceiling leverage anymore, which has obviously been the president's position, that's good. my feeling is it's probably the latter. i think there are enough kind of economic grown-ups in the room to really control the folks who have threatened to use that kind of leverage. >> but the senate has not had a budget resolution pass through the senate in, what is it, four years now? >> april, 2009. >> that feels to me pretty shameful frankly. i don't know the politics and i'm not exactly sure why that's the case, but isn't that a critical step in bridging the gap and making progress on these issues where you can not go to these sort of extra legal things like using the debt ceiling as leverage, but you can use the process as it is intended to be used. >> i agree, and it's an interesting quid pro quo for t
: that is interesting. the president campaigned keeping the economy going. improving it. spreading the benefits to the middle class. immigration reform and energy reform. then newtown happened and that wasn't part of his agenda for the second term. then newtown happened and by all signs the president was deeply and personally moved. one of the reasons i suspect you can see there just to, standing to the left of them the fatherf two young daughters and the idea of these 20 young schoolchildren having been unabouted down i'm sure hit him very bern p personally. he decided to make that a huge issue in this campaign or rather in his second administration. it will be interesting to see. one of the things people say you don't want to overload the agenda but in addition everything he wants to do and obviously the debt and deficit he will have several battles with congress over that but gun control, he will try to take advantage newtown has happened and perhaps caused a tippingpoint in public attitudes and he will push that very aggressively. shepard: senator chuck schumer, the chairman of joint congr
in the u.s., in germany and to an extent in the uk. >> the trouble is for all of those economies maybe some of the european ones are under pressure by the government. but the problem is, if you look at issues in the u.s., they're just so low. there's no ability to cut in the long-term. how do you push through entitlement reform and address those issues, especially if there's no market pressure right now? >> my sense is that you don't. i don't understand how that can be achieved and, therefore, i suppose what i struggle with is what solution can the government find? the bank of japan, if you monetize the debt in a low inflationary environment, is this a free lunch? >> right. >> in the uk, it has turned out to be a free lunch. would it in japan? possibly, yes, and, therefore, i wonder if these issues ever will be addressed. >> and what's so interesting, you're seeing these bizarre rates happening in a monetary policy. we feel like we're in a whole new regime where people feel like it doesn't matter at all. wondering if it matters at all how much you spend and borrow in these situations. how d
economy, a second term both bold and bumpy. >> progress does not compel us to settle centuries long debates about the role of government for all time, but it does require us to saact in our time. >> reporter: time like history that was fast advancing. joe johns, cnn, washington. >>> that's when the president turned around and said he's not going to see this again. he wanted to take one last look at the crowds. some estimated 800,000 or so. we're not sure of the exact number, who were all there watching, staring back. president obama and the first lady honored reese chbt tradition by crawling out of the limo, strolling down pennsylvania avenue. let's take a look. the crowd before us getting even more excited when they see the first lady and president outside of their limo. waving to the tlung throngs of well wishers lined all along pennsylvania avenue. they followed the footsteps of jimmy carter and rose alyn cart who created the tradition of walking down pennsylvania avenue. they walked the entire way. president obama and the first lady got out of the vehicle twice. now, despite the
. the start of a four-year battle on guns, immigration, and the economy. >> hope you do dog? -- so help you god? >> barack obama and his immediate family, a few words, and that was it. president joe biden will -- vice president joe biden will do it tomorrow. here to see the swearing in, a chance for the president to rally the country, because experts say he needs to get americans involved if he has any chance of getting his way. >> he needs to target red states. he needs to target some of these senators out there who could be moved on some of these issues. it could be a brilliant plan if barack obama and execute it properly. >> i hope he turns the country around. gets the economy back on solid ground. and move the progressive agenda floor. >> we have to get the economy going. to many people are unemployed. >> gun control, immigration reform, and deficit reduction. >> monday happens to be a federal holiday in the u.s.. >> what is memorable about this inauguration, it comes on martin luther king's birthday, the holiday we celebrate. he's using martin luther king jr.'s bible. he has got to tak
to do. but he needs to get to work. and the number one problem is the economy. he's got to fix the economy. the fiscal situation has been fixed, to a large extent. the stock market's doubled. that's pretty good. but he has to get everybody working again. it means fix the economy. it means fix the education. so we're bringing kids along that have the skills for 21st century america. his focus has to be on the economy. on the need to reduce unemployment. and frankly, i hope he can, through his own example, restore a sense of civility in the country. >> every president learns a lot. is scarred by the office. also made more wise by the office. what is the one thing you hope president obama has learned over the last four years? >> i hope he's learned that you know, no one part of the government, really, gets it all done. and so, he's got to do a better job of reaching out to members of congress, across both -- across the aisle, to the republicans. and the republicans have to stop buying into things that demonize the president. why aren't republican leaders shouting out about all thi
on the economy. on the economy. his speech was supposed to be uplifting. republicans feel like for them to help steer the economy in the right direction, you have to get bending under control. with democrats, when they want to push jobs, it involves more stimulus spending. the two sides clash. they have never been able to pass some bills because it included stimulus that democrats wanted to pass. republicans want to get the economy going in the right direction and reduced spending. reduced federal regulations. repeal parts of obamacare. this is what job creation is about. that is part of the reason why congress is not passed these measures is because the two sides have opposite views on what it would take to create new jobs in america. that will continue. caller: i am calling in about the abortion and gay -- ia am fr contraceptives and they read killed -- date rape pills. as far as what it says in the bible, yes, it is against it. it says judge not lest you be judged. as far as the gay people go, i do not know anybody gay but i am for the rights of the gays because there are so many out there.
that the economy is in a fair to poor shape. you have two thirds of them who believe the country is headed in the wrong direction. the president wants to, as we said earlier, look forward rather than backwards and talk about his vision for the country and his inaugural remarks. neil: you are noticing the biden family coming in here. peter, you mentioned earlier how much was made about joe biden and his remarks yesterday. calling himself the president of the united states. it was a typical joe biden. nobody criticized him. he did have a number of prominent officials at his own swearing-in. he is planning to do something. i do not know with or without hillary clinton. what did you make of that? peter: he is obviously not running again. he had about a dozen family members at his swearing-in at the national observatory. had something like 120-130 people, including those folks from south carolina, iowa and new hampshire. the vice president very smart politician. would probably like to leave the door open, potentially. again, we will see. neil: all right. we will see, indeed. you are looking at
to be done on the economy and a great many other things. nora o'donnell, the co-anchor of "cbs this morning" is down on the national mall and she has insight on what the president is looking to in a second term. >> that's right. on a day like this when most americans have expressed their frustration with washington, political leaders, this is day that we see hundreds of thousands of americans turn out to witness this piece of history. every second-term president since dwight eisenhower has had to deal with an opposition party in congress. that's nothing new that president obama is facing in this second term. but he's going to try and capture i think some of the magic of bipartisanship on a day like today. trying to put it in a bottle. because he really has a very ambitious agenda for his second term. we have heard him talk about it. gun safety, immigration reform. deficit reduction and those looming spending cuts that are a part of the sequestration. so that's lot before the president. but as major has noted this is a speech today that's not about specifics, but setting the tone and trying
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found themselves unemployed in an economy not doing well but need additional training for these jobs. what is it that we can do to partner with the mayor's office in our tech companies to develop programs that would address three different population needs so they can benefit from this growing sector? we have had a remarkable growth in the technology sector. i am proud that their here in san francisco and decided to call san francisco their home. we have seen the momentum in the midmarket area as twitter and yammer and -- have moved into the area. the most important thing is a job pipeline. we want to create jobs in the city but we want to make sure that we are also helping san francisco residents be able to attain those jobs as well. it is through many of these meetings the purpose of this hearing is to find out what is now occurring with the ssf tech program, we want to get a summary of the number and demographics of the participants the technology, and the number of trainees placed in employment. and the skills and training needed for workers to participate in the technology sect
are talking about. we talk about jobs and the economy. if dr. king were alive today, he would press president obama to end the inequality in our country to address poverty. those are universal now because poverty is a white issue, as well as a black and hispanic issue, as well. >> cokie pointed out. this is when we try to set aside our political differences. that's some of the unfinished business of president obama's first term. >> the main part of the unfinished business of his first term had to do with the divisions in this country. he said he was going to bring the country together, and unify the country. but as we sit here today -- and this is what makes the difference between the first and the second term. the first term is always about hope. the second term is hard work. it's like the difference between each of the two campaigns. it's a huge thing you see the difference in, the president, last time, when he took the inauguration, had a 68% approval rating on inauguration day. today, he has 52%. and there's a section of the country that does not want him, even though they're going to cel
and the noes thtion th inequality is not a necessary component of the economy. and we want to believe all of those issues. and i think what the president was saying, was, look, we have elections. and when you have a full debate in an election and the outcome is pretty clear cut, then it's his obligation and his right to move forward on all of those issues. >> and as we are watching the navajo nation just went by, their float, one of the things i saw today, melissa, is the whole changing of the demographics of america was reflected at the inauguration, as we look at native americans float goes by, as we heard a president for the first time refer in an inaugural address to same-sex marriage and to gay rights and talking about gender rights and he was sworn in on martin luther king's bible, had those of us in lead civil rights organizations, their labor organizations. they're on the platform. not in a guest seat somewhere else, right there only the platform. and martin luther king's son. i mean, i think that he was saying america has changed. and we've got to deal with the change and let's s
have the greatest economy in the world. whether it was research labs, roads, transportation. that was the initiative of government. that is where we have a disagreement. >> eric: where do they get money to build the roads? >> bob: of course they got it from taxes but it was a right decision to do it. >> kimberly: from people who work hard. >> eric: they hired people to put the road down with our -- >> bob: how would you get around that? >> eric: we built it. they just farm it out. let me point something out. this speech is filled with hypocrisy. the man literally said a decade of war is now ending. a couple hours after a drone took out two people in yemen. i mean, he spoke one. but by the way, here is what happened. on my twitter and facebook today, all day, i got comments, like multiple to what i usually get. something along the lines of i can't watch. i have heard enough. flush my head down the toilet. we asked for it, we bought it. you have own it. prim so upset -- >> bob: surprise from your twitter or facebook list? >> eric: look at the numbers. look at the income number
plunged. >> economy on the brink of a passage of a stimulus bill and bailouts for banks and automakers. >> the typical president has, i think, two or three big problems. we've got seven or eight big problems. >> as he staked his presidency on the passage of health care. >> i'm not the first president to take up this cause, but i am determined to be the last. >> a year-long partisan battle. >> you lie! >> ultimately led to sweeping reform. as the next challenge swells in the south -- >> we're watching the oil spill in the gulf of mexico tonight. >> the president fended off criticism that he wasn't acting fast enough. >> we talk to these folks because they, potentially, have the best answers. >> he made history with supreme court nominations and with the country engaged in two wars, president obama took action. >> it is in our vital national interest to send an additional 30,000 u.s. troops to afghanistan. >> he fired a runaway general and fulfilled a campaign promise. >> tonight i am announcing that the american combat mission in iraq has ended. >> but back at home, the mid-term electio
, obviously the country was dealing with a big financial crisis and the economy was taking a turn for the worse, so the president was looking at hope and change and trying to be positive and bring the economy back. this speech was much different and it sounded more aggressive. the president can't run for election again, so the next four years, you got the sense that he was going to push for social change and you heard him use the word "together" at least seven times in his speech. he's going to be calling on americans for the next four years to be hammering it out with their local congressman and their local senators to try and push issues like gun reform immigration reform and for the first time, we heard a president use the term gay for gay marriage ever in an inaugural speech. so it was a different tone than four years ago. >> brandi hitt live for us. thank you, brandi. some folks said it seemed more like a state of the union address than it did an inaugural. he hit so many policies, whether it was climate change, the gay rights issue, equal pay for equal work, immigration refo
to dice it, okay, if you're after social justice, damn it, a job of growing economy social justice. not trying to manipulate a society, not trying to vote for a collectivist society. there are fairly radically different visions here on what create freedoms and the social justice. what creates the opportunity. and i think we as the conservatives, as those who are defenders of the freedom, have to constantly be pushing. etch when we're running against the brick wall. we have to keep running in to it until we knock parts of it down. because heaven for bid, if this president were to get his vision of the agenda, what would the country look like four years from now? [inaudible] talk little bit more about the tax component of the republican agenda. when you talk about tax reform, -- [inaudible] >> one of the nice things that some of us enthused and you'll actually hear chairman camp being more vocal, i believe, at least this is what i'm here -- hearing. they spent two years holding hearings and collecting information about what a much broader base, lower rate, a lot less, you know, sorry
? over 5 million new jobs, saved the auto industry, brought this economy back. it still has a long ways to go. got the star treaty approved by the united states.s. senate and remember, he did get osama bin laden, led this country on the issue of same-sex marriage, the first president to do so. pardon me, and the point is, two great women to the supreme court. now, looking ahead, that's the first question. what do you think about that first term? 866-55 press. are you yesterday? second, what do you want to see in the second term? i tell you what we are already seeing: a lot more backbone on the part of president obama. it is worken, proven by the fact that the republicans in the house caved over the weekend on the debt ceiling and said, all right. they will extend it for only three months, not good enough. they said they will extend it notno strings attached without all of the cuts to social security and medicare they had been demanding bluffs president obama, we got his back and he stays tough, gets things done in this second term. let's talk about it 866
investing in a greener future for the environment and the economy. president obama may have shown signs he is ready to do that in the second inaugural address. >> we will respond to the threat of climate change knowing that the failure to do so would betray our children and future generations. the path toward sustainable energy sources will be long and sometimes difficult. america cannot resist this transition. we must lead it. we cannot cede to other nations the power of jobs and technologies. we must claim its promise. >> strong, clear words from a president considered not green enough by environment lists in his first term. it's true, the president has a lot of work to do but instead of chastising him, maybe it's time for the green movement itself to reimagine what it ought to look like. the modern green movement must be an inclusive one and close the green gab that exists between national and environmental organizations and justice organizations. the environmental problems in inner cities and rural areas ok pied by low income communities of color deserve as much attention as the fracki
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, brought in bob gates and began to move to slightly more of a center position before the economy collapsed. >> rose: so what's the challenge for president obama in the second term? >> it's mense, brendan sullivan one of the great defense lawyers here in washington always says when you're in a negotiation and you have the upper hand as obama has had in the first term and may continue in the second term, when you have that upper hand and you beat your opponent you need to let them leave the field with dignity. and that is not obama's style. if you google "obama rebukes republicans" it goes on and on andn. he is always going after the people -- his beating. just a tactically i think that's a mistake and hopefully it will change. on the foreign affairs front if you talk to the intelligence people they say that the world is increasingly dangerous, you have meltdown situations potential meltdown situations not just in syria and the middle east, pakistan, north korea whh hashe bomben like iran and that is just ticking away. there's the egypt problem, there's what's going on recently in algeria an
, of course the economy. but how does all of that fit? how does that come into something that is coherent? as a vision for the next four years and as a strategy of getting those things achieved. i think that will be great to hear. and to be reflective. what have we learned in the last four years? he came in with high expectations, and he can address some of the divisions that existed in the country politically. he can address domestic and foreign policy issues that were affecting the country. what has he learned about what it takes now and what he will have to do and what his administration will have to do, and what is counting on the american people to do to make his agenda come to fruition? host: the president and vice- president are currently at service at st. john's episcopal old church, just run the corner of the white house. their it is on your screen. we will watch them as they go out. approximately 45 minutes -- 15 minutes more in the service before the exit the church. jane in jacksonville, florida, a democrat's line. please go ahead. caller: first of all, good morning. i want to
. the economy beginning to come back. and what you saw today is, the president gave a meditation on freedom and equality. it was a president who else felt free. >> and so give me one indelible image from these hours we spent together today as you watched. >> oh, the one has got to be when the president turned back. when he turned back and looked over that mall and said he wanted to savor this moment. an african-american president, the first in our history, re-elected and giving a second inaugural address. >> on martin luther king day. thank you george. >> thank you. >>> and today is also a time to take stock of the last four years. we want to show you some images that say it all. this is president obama, four years ago. and today. the marathon of the past four years etched on his face. and he would say, in his graying hair. and michelle obama holding the bible as her husband took the oath then and today. michelle obama. and the girls, sasha and malia. what a difference four years makes in the lives of these young women. >>> and now i want to bring in our chief white house correspondent jona
bought their dream home. >> it felt like the economy was starting to turn and at the same time the interest rates were getting lower and lower. that created a sense urgency. >> reporter: they are hardly alone. here in east los angeles sales have tripped over the year. they're now selling homes faster than they can build them. >> this community is hopping. there's a lot of activity. >> reporter: this real estate agent says it's a stark contrast to the scene here five years ago when the real estate boom went bust. there was a period when this was like a ghost town. >> that's a very good word for it. it was very desolate. i did a lot of short sales, helped people move out of their homes, out of their dream homes, and had nowhere to put them. >> reporter: and now it's exactly the opposite. >> absolutely. now we're seeing it come full circle. >> reporter: and then some. they haven't even furnished their four-bedroom home with a view, but they've already been approached by people asking -- >> are you interesting in selling? i goo, you'll have to talk to my wife. >
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